SKo Stocks open lower, Japan markets also down
(1 Dec 2008) SHOTLIST Tokyo 1. Top view, Stock Exchange 2. Trader watching screen 3. Another trader 4. Top view, Stock Exchange, tilt up to ticker 5. Prices screen, showing TOPIX index (left) and Nikkei index (right) 6. Screen with Nikkei index falling, flashing 7. Wide, prices screen 8. Various, ticker Seoul 9. Wide of stock board with computer screens 10. Close-up of computer screen with KOSPI and dollar-won exchange rate 11. Share prices with ticker 12. Close-up, tilt-down of prices screen 13. Stock exchange workers 14. Screens and work stations 15. Wide, pan of prices screen (showing KOSPI index falling) 16. Close-up of ticker 17. Close-up of computer screen 18. Wide of stock board with computer screens STORYLINE Tokyo stocks weakened on Monday, despite signs of stability on Wall Street after last week's Thanksgiving session. Japan's Nikkei 225 stock index lost 163.43 points, or 1.9 percent, from 8,464.36. The broader TOPIX index went down 10.22 points, or 1.22 percent, to 824.60. Stocks declined almost across the board, led by real estate, mining, and oil and coal firms. The only two gainers were insurance and nonferrous metal. Brokers said investors remained pessimistic about the global economy, compounded by worries about the US economy with a slump in personal spending at the start of the Christmas holiday season. South Korean share prices were down too on Monday as institutions started the new month by dumping steel, tech and other large capitalised stocks. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 10.74 points, or 1 percent, to 1,065.33 in the first 15 minutes of trading. Blue chips fell across the board, with steel, tech and finance shares leading the overall decline. The only bright spot was construction, where many stocks showed big gains. The local currency was also falling as trading opened at 1,475.95 won to the US dollar, down by 6.95 won from Friday's close. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
